On the chart #ETH /USDT (4H) — the asset is in a correction phase after a strong rise, but a local bullish trend remains: above the Ichimoku cloud, above the MA, and with good retracement zones.
📉 Current situation:
RSI: 47.08 — neutral zone, there is room for upward movement.
Price is retesting Fibonacci levels (0.5–0.618).
Ichimoku cloud — support at the level of 2550–2580.
Volume is increasing during the decline (interest in buyback).
MACD shows a bearish crossover, but the histogram is close to reversal.
🟢 Trading scenario #1: Buy on retracement (aggressive buy)
🎯 Entry:
Buy: $2560–2590 (0.62–0.705 Fib + lower boundary of the cloud)
🛡 Stop:
SL: $2509
(below level 0.79, cloud, and previous local low)
🎯 Targets:
TP1: $2676 (level -0.27)
TP2: $2838 (level -0.62)
TP3: $2915 (1.0 Fib Extension)
⚪ Alternative: long after confirmation
If the price does not give a deep retracement and holds above $2610:
entry on breakout $2712 — then SL below $2610.
target: the same range $2838–2915.
🔴 Bearish scenario:
Loss of $2509 — will increase pressure to the zone $2440–2360.
Below $2360 — opens the way to $2180.